Banks
Banks to start phasing out OTPs for account logins in fight against scams
Customers will have to use their tokens for bank account logins either via the browser or the mobile banking appMAJOR retail banks in Singapore will begin phasing out the...
China’s PBOC readies multibillion-yuan pool of bonds to sell by tapping major banks
CHINA’S central bank took the next step towards selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at...
Banks face record number of UK lawsuits as economy stumbles
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down.Almost three new cases involving...
Japanese insurers, banks to sell Honda shares worth US$3.3 billion, filing shows
The move is to unwind cross-shareholdings which can lead to lax governance by protecting management from shareholdersJapanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell...
PBOC taps China’s state banks for bond borrowings to curb rally
THE People’s Bank of China (PBOC) tapped two of the country’s biggest banks for its plan to borrow government bonds, a potential step towards cooling a market rally, according...
ECB is working to ease significant risk transfers for banks
THE European Central Bank (ECB) is planning to make it easier for banks to use a popular type of credit insurance in a move that could ultimately allow them...
Banks continue to lead gains on Wednesday; STI up 1.4%
The local banking trio extend their gains from Tuesday to hit new record highs, as investors remain positive on the sectorSINGAPORE shares ended higher on Wednesday (Jul 3), led...
Singapore banks continue ascent on Wednesday; DBS, OCBC chart new territory
AFTER setting fresh records the day before, Singapore’s banks maintained their rising trajectory with DBS and OCBC soaring to unprecedented highs on Wednesday (Jul 3) morning.For the first time...
